Netflix Inc.’s chief executive officer publicly asked a hedge-fund manager today to stop betting against the company, a lesson that many investors already have learned.
"It is possible that one could make money shorting Netflix today," CEO Reed Hastings, whose movie-rental company has moved to online delivery from DVDs, wrote in a posting on the Seeking Alpha website. "But shorting a market-leading firm as it is driving a huge new market is a very gutsy call."
